* Shares rise as much as 4.88, touch record high
(Adds analyst comment; updates shares)

By Subrat Patnaik

April 6 (Reuters) - Constellation Brands Inc said on
Wednesday it was considering taking a part of its Canadian wine
business public and reported better-than-expected quarterly net
sales, helped by strong demand for its premium Corona and Modelo
beers.

Shares of the company, which forecast full-year profit
largely above estimates, rose as much as 4.88 percent to a
record high of $158.75 in early morning trading.

Chief Executive Rob Sands said the full value of the
Canadian wine business, which delivered "excellent overall
financial results" in 2016, was not being recognized.

Sands said an IPO would create better visibility and that
the company expected to take a final decision later this year.
Continued...